Page:United States Statutes at Large Volume 119.djvu/2595

 PUBLIC LAW 109–135—DEC. 21, 2005

119 STAT. 2577

Public Law 109–135 109th Congress An Act To amend the Internal Revenue Code of 1986 to provide tax benefits for the Gulf Opportunity Zone and certain areas affected by Hurricanes Rita and Wilma, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; ETC.

(a) SHORT TITLE.—This Act may be cited as the ‘‘Gulf Opportunity Zone Act of 2005’’. (b) AMENDMENT OF 1986 CODE.—Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) TABLE OF CONTENTS.—The table of contents of this Act is as follows:

Dec. 21, 2005 [H.R. 4440]

Gulf Opportunity Zone Act of 2005. 26 USC 1 note.

Sec. 1. Short title; etc. Sec. 101. Sec. 102. Sec. 103. Sec. 104. Sec. 105.

TITLE I—ESTABLISHMENT OF GULF OPPORTUNITY ZONE Tax benefits for Gulf Opportunity Zone. Expansion of Hope Scholarship and Lifetime Learning Credit for students in the Gulf Opportunity Zone. Housing relief for individuals affected by Hurricane Katrina. Extension of special rules for mortgage revenue bonds. Special extension of bonus depreciation placed in service date for taxpayers affected by Hurricanes Katrina, Rita, and Wilma.

TITLE II—TAX BENEFITS RELATED TO HURRICANES RITA AND WILMA Sec. 201. Extension of certain emergency tax relief for Hurricane Katrina to Hurricanes Rita and Wilma. Sec. 301. Sec. 302. Sec. 303. Sec. 304. Sec. 305.

TITLE III—OTHER PROVISIONS Gulf Coast Recovery Bonds. Election to include combat pay as earned income for purposes of earned income credit. Modification of effective date of exception from suspension rules for certain listed and reportable transactions. Authority for undercover operations. Disclosures of certain tax return information. TITLE IV—TECHNICALS Subtitle A—Tax Technicals

Sec. Sec. Sec. Sec. Sec.

Short title. Amendments related to Energy Policy Act of 2005. Amendments related to the American Jobs Creation Act of 2004. Amendments related to the Working Families Tax Relief Act of 2004. Amendments related to the Jobs and Growth Tax Relief Reconciliation Act of 2003. Sec. 406. Amendment related to the Victims of Terrorism Tax Relief Act of 2001.

VerDate 14-DEC-2004

401. 402. 403. 404. 405.

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